Warner Bros. Discovery is splitting its cable networks and its streaming and studio business, which includes Warner Bros. Motion Picture Group, into two separate companies. Stella Kalinina for The ...

Warner Bros. Discovery said it will separate its media businesses into two new companies, with cable in one and streaming and studios in the second.

AT&T announced on Monday that WarnerMedia and Discovery are merging to become a new company that will immediately become one of the largest U.S. media businesses. The new company is the result of ...

Warner Bros. Discovery is splitting into two media companies. One will largely keep studios and streaming, while the other keeps live cable networks.